Current:Home > FinanceActivists at COP28 summit ramp up pressure on cutting fossil fuels as talks turn to clean energy -WealthSpot
Activists at COP28 summit ramp up pressure on cutting fossil fuels as talks turn to clean energy
View
Date:2025-04-18 21:36:15
DUBAI, United Arab Emirates (AP) — Activists had a series of events and actions lined up Tuesday at the United Nations climate summit seeking to amp up pressure on conference participants to agree to phase out coal, oil and gas, responsible for most of the world’s emissions, and move to clean energy in a fair way.
The question of how to handle fossil fuels is central to the talks, which come after a year of record heat and devastating weather extremes around the world. And even as the use of clean energy is growing, most energy companies have plans to continue aggressive pursuit of fossil fuel production well into the future.
A team of scientists reported Tuesday that the world pumped 1.1% more heat-trapping carbon dioxide into the air than last year, largely due to increased pollution from China and India.
Protests — which are limited to “action zones” around the U.N. site — centered on phasing out fossil fuels and calling for finance to ramp up the move to clean energy.
Meanwhile, negotiations are well underway on the so-called global stocktake — a framework for new national plans so countries can adhere to capping warming to levels set in the Paris Agreement in 2015. A draft released Tuesday will be pored over by negotiators looking at how to stick to the goal.
Over 100 countries have pledged to triple their renewable capacity and double energy efficiency by the end of the decade.
COP28 President Sultan al-Jaber, who also leads the host United Arab Emirates’ national oil company, was on the defensive on Monday over contradictory remarks about phasing out fossil fuels. Al-Jaber said his remarks had been mischaracterized and told journalists he is “laser-focused” on helping limit global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) since pre-industrial times.
Much of Monday’s meetings at the conference focused on climate finance.
Barbados Prime Minister Mia Mottley, who has drawn attention as an advocate for changing the way global finance treats developing nations, said global taxes on the financial services, oil and gas, and shipping industries could drum up hundreds of billions of dollars for poorer countries to adapt and cope with global warming.
“This has probably been the most progress we’ve seen in the last 12 months on finance,” Mottley told reporters about pledges to fund the transition to clean energy, adapt to climate change and respond to extreme weather events.
“But we’re not where we need to be yet,” she said.
World Bank President Ajay Banga laid out five target areas in climate finance. His bank wants to lower methane emissions from waste management and farming; help Africa with greener energies; support “voluntary” carbon markets such as for forest projects; and allow developing countries hit by natural disasters to pause debt repayments.
The multilateral development bank, above all, wants to boost its role in climate finance in short order.
“Forty-five percent of our financing will go to climate by 2025,” Banga said, with half going to adapting to the warming climate and the other half on slashing emissions.
“We cannot make climate only be about emissions. It has to be about the downstream impact that the Global South is facing from the emission-heavy growth that we have enjoyed in other parts of the world.”
___
Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content.
veryGood! (4437)
Related
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Production manager testifies about gun oversight in fatal shooting by Alec Baldwin in 2021 rehearsal
- Who's performing at the Oscars for 2024? Here's the list of confirmed Academy Awards performers so far.
- Better than advertised? Dodgers' $325 million ace Yoshinobu Yamamoto dominates MLB debut
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Texas border cities offer Biden and Trump different backdrops for dueling visits
- Reparations experts say San Francisco’s apology to black residents is a start, but not enough
- 2024 NFL draft: Notre Dame's Joe Alt leads top 5 offensive tackle prospect list
- 'As foretold in the prophecy': Elon Musk and internet react as Tesla stock hits $420 all
- Talor Gooch says Masters, other majors need 'asterisk' for snubbing LIV Golf players
Ranking
- 'We're reborn!' Gazans express joy at returning home to north
- An Alabama woman diagnosed with cervical cancer was using a surrogate to have a third child. Now, the process is on hold.
- Photos and videos show startling scene in Texas Panhandle as wildfires continue to burn
- Nevada and other swing states need more poll workers. Can lawyers help fill the gap?
- What to watch: O Jolie night
- Hunter Schafer arrested during protest for ceasefire, Jewish Voice for Peace says
- Donna Summer's estate sues Kanye West and Ty Dolla $ign, accusing artists of illegally using I Feel Love
- Missouri lawmakers try again to block Medicaid money from going to Planned Parenthood
Recommendation
The Daily Money: Spending more on holiday travel?
We owe it to our moms: See who our Women of the Year look to for inspiration
Susan Lucci Reveals the 3 Foods She Eats Every Day After Having Multiple Heart Operations
Cyndi Lauper inks deal with firm behind ABBA Voyage for new immersive performance project
Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
Patrick Schwarzenegger's Birthday Message to Fiancée Abby Champion Will Warm Your Heart
Pregnant Sofia Richie Candidly Shares She's Afraid of Getting Stretch Marks
Cote de Pablo and Michael Weatherly bring Ziva and Tony back for new 'NCIS' spinoff